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  "documentTitle": "Generac Holdings, Inc. (GNRC)",
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      "kind": "callout",
      "text": "Generac lists PR-NA Industries as a Florida subsidiary. According to the Florida records the entity is active. However, according to its parent company in Italy, the entity has negative equity and has been fully written down in previous years. If this is the case, why hasn't Generac recorded any impairment charges and why is it keeping an insolvent entity active?",
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      "kind": "callout",
      "text": "The investment in PR-NA Industries, which has a negative net equity of Euro 1.5m and for which there is no legal or statutory obligation to recapitalize, had already been fully written down in previous years.",
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      "kind": "callout",
      "text": "Generac lists PR-NA Industries as a Florida subsidiary. According to the Florida records the entity is active. However, according to its parent company in Italy, the entity has negative net equity and has been fully written down in previous years. If this is the case, why hasn't Generac recorded any impairment charges and why is it keeping an insolvent entity active?",
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      "text": "La partecipazione in PR-NA Industries Inc. che presenta un patrimonio netto negativo di Euro 1,5 milioni e per la quale non vige un obbligo di legge o statutario di ricapitalizzazione era già stata interamente svalutata in precedenti esercizi.",
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      "text": "The investment in PR-NA Industries, which has a negative net equity of Euro 1.5m and for which there is no legal or statutory obligation to recapitalize, had already been fully written down in previous years. — 2020 PR Industrial S.R.L Filings",
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      "text": "Source: 2021 Subsidiary List, Florida Annual Report, Italy Registry",
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      "text": "Subsidiaries of the Registrant list",
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      "text": "2022 FLORIDA PROFIT CORPORATION ANNUAL REPORT",
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